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Jumia quit food delivery because of deep-pocketed ‘aggressive’ rivals, CEO says

TechCrunch

Last week, pan-African e-commerce platform Jumia said it was discontinuing its food delivery service, Jumia Food. As a result, Jumia Food will […] © 2023 TechCrunch.

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Jumia discontinues food delivery across seven markets, shifts focus to expanding physical goods business

TechCrunch

Pan-African e-commerce platform Jumia has disclosed its intention to discontinue its food delivery service, Jumia Food. As a result, Jumia will cease […] © 2023 TechCrunch.

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Jumia reports 30% growth in value of goods sold on its platform during Black Friday season this year

TechCrunch

As the number of those connected to the internet grows, and shoppers increasingly opt to buy goods online, e-commerce platforms are set to experience a spike in the number of orders made and the value of goods bought — as happened recently with Jumia.

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Algeria’s Yassir picks up $30M to build a super app in North Africa

TechCrunch

at Stanford and spending most of his professional life in Silicon Valley working at various companies, CEO Noureddine Tayebi returned to Algeria to get involved in the country’s nascent tech scene to start a company and build technical talent in the Maghreb region (Algeria, Morocco and Tunisia). After earning a Ph.D.

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Yassir pulls in $150M for its super app, led by BOND

TechCrunch

Yassir , an African super app platform that offers on-demand services such as ride-hailing, food and grocery delivery, and payments, has raised $150 million in Series B funding, five times what it raised in its previous priced round last November. . The African startup, first launched in Algeria, has now raised $193.25

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Nigeria’s Termii raises $1.4M seed led by Future Africa and Kepple Africa Ventures

TechCrunch

Termii , a Nigerian communications platform-as-a-service startup that solves this problem for African businesses, announced today that it has closed a $1.4 So the company leverages a virtual wallet system tied to a bank account and customers can make payments to the platform using mobile money, bank transfer, and credit cards.

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Flutterwave and PayPal collaborate to allow African merchants to accept and make payments

TechCrunch

Flutterwave hopes to roll out this service to individual merchants on the platform as well. . So despite having the largest payment infrastructure in Africa, we want to have arguably all the important payments systems in the world on our platform.” This is a pain point for these businesses, particularly in Nigeria.

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